Form 4: D-Wave Quantum Executive Executes Stock Sale

Diane Nguyen, EVP and Chief Legal Officer of D-Wave Quantum, sold 40,000 shares of common stock via a 10b5-1 trading plan.

Summary

• Diane Nguyen, EVP, Chief Legal Officer & GC, sold 40,000 shares of D-Wave Quantum Inc. (QBTS) common stock.
• The transaction occurred on May 21, 2026, at a weighted average price of $25.014 per share.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted on August 14, 2025.
• Following the transaction, the reporting person retains beneficial ownership of 517,149 shares, which includes 206,796 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and executed through a standard 10b5-1 trading arrangement.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 trading plan, indicating the transaction was planned well in advance rather than based on immediate non-public information.

Negatives

• The sale represents a reduction in the executive's direct equity stake in the company.

Risks

• Insider selling can sometimes be perceived negatively by the market as a signal of management's view on current valuation.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that insider sales executed via 10b5-1 plans are standard corporate practice for liquidity and diversification, and are generally viewed as neutral events in the quantum computing sector.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for executives to sell shares while avoiding potential insider trading liability.
• The volume of shares sold is consistent with typical executive compensation and liquidity management patterns for mid-cap technology firms.

Stakeholder Impact

• Minimal impact expected on shareholders as the sale was pre-planned and automated.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

D-Wave Quantum, QBTS, Insider Trading, Form 4, Rule 10b5-1, Quantum Computing